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Well, I did notice that whenever I sweep this forum for lighter news, there are some here are rarely seen on any other forum. So there may be some validity to this. Regards Oddi

......do you fellas continuously take one paragraph of one page of a 1000 page book and try to spin an entire story out of it? Have you actually READ the book that you criticize so? I am relatively new to chit chat, so I need to ask why you are so fervently convinced that there is no...

Thanks bbmat, another insightful post. I think most small traders are looking for lottery type returns, and that is what sinks most of us. Coming out of engineering, and then out of the medical profession, I know how to do research. My research is showing that it is easier to make money, the...

Okay, I will go for "95% of traders fail to make big profits", but this 95% of traders fail is just hogwash, pure and simple.

bbmat I have missed somehow why you are so certain that most small traders fail. Could you please reiterate?

You have made some interesting posts bbmat.

Excellent post.

A 2000 dollar account is hard to turn into 100,000. A 100,000 account is easier to turn into 1 million. Simply a hypothesis. Criticism welcome.

This is a very good point.

I assume that one is trading multiple contracts. Regards Oddi

Thanks Jorge, I knew that if one is properly trained, the odds are in your favor, rather than against, and that six figures is the norm, rather than the exception, if you are trained. That should squash all this negativity about a good profession. I appreciate the confirmation...

I agree with this post, number 2 is number 1.

If you must daytrade stocks, then daytrade megacaps, as they are more forgiving of errors in your judgement. As far as learning goes, buy a copy of TradeStation2Ki ProSuite, or subscribe to the latest model. After you have MASTERED that software, then design some systems and trade them. I...

Noam Chomsky has written several books about this. Most people are not aware of just how controlled news media is.

No. But he was taken down because he was a considered a rogue state. Look up the definition of rogue state, then apply it widely. You would be very surprised at who falls under this list. You might want to particularly check nations that routinely violate UN resolutions, and fund dictators...

Well, where to start? First, LEARNING to trade is pretty challenging, actually DOING it is a piece of cake. Marketsurfer, for those who follow him, has been very accurate over the past couple of years or so. With few exceptions, I believe, he is a Gann wheel trader. That system is...

Well, who says it's 80%? Where is this data? I think well trained traders, people who can actually use the name, fail at a rate far lower. If a trader has even an average system or method, s/he can make a living hitting singles all year, the occasional home run is vacation money, maybe I...

Take the Saddam play. What veteran trader lost money that day, who was not a systems trader? Regards Oddi

I am starting this thread because I wonder more and more if this is true. Did the failures really try? Did they get a market education before they began to trade large sums of money? It takes a bachelors degree to be considered a "professional" in some fields. In fields where the potential...

Backtest it though 5 years, or 5000 trades, then eliminate years or trades that are outliers, and see what you have left. Regards Oddi